BMNR vs. ALLW

Last updated Jun 16, 2026

BMNR (BitMine Immersion Technologies, Inc.) is a stock, while ALLW (State Street Bridgewater All Weather ETF) is Tactical Allocation fund actively managed by State Street. Over the past year, BMNR returned 245.06% vs 20.64% for ALLW. At a 0.30 correlation, their price movements are largely independent.

Performance

BMNR vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BitMine Immersion Technologies, Inc. (BMNR) and State Street Bridgewater All Weather ETF (ALLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNR achieves a -36.98% return, which is significantly lower than ALLW's 8.11% return.

BMNR

• 1D: 6.21%
• 1M: -13.89%
• YTD: -36.98%
• 6M: -44.72%
• 1Y: 245.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALLW

• 1D: 0.81%
• 1M: 0.51%
• YTD: 8.11%
• 6M: 8.43%
• 1Y: 20.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMNR vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
BMNR BitMine Immersion Technologies, Inc.	-36.98%	274.59%
ALLW State Street Bridgewater All Weather ETF	8.11%	12.04%

Correlation

The correlation between BMNR and ALLW is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.30

Return for Risk

BMNR vs. ALLW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMNR

BMNR Risk / Return Rank: 81
BMNR Sharpe Ratio Rank: 55
BMNR Sortino Ratio Rank: 99
BMNR Omega Ratio Rank: 99
BMNR Calmar Ratio Rank: 82
BMNR Martin Ratio Rank: 69

ALLW

ALLW Risk / Return Rank: 64
ALLW Sharpe Ratio Rank: 64
ALLW Sortino Ratio Rank: 60
ALLW Omega Ratio Rank: 65
ALLW Calmar Ratio Rank: 63
ALLW Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMNR vs. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BitMine Immersion Technologies, Inc. (BMNR) and State Street Bridgewater All Weather ETF (ALLW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BMNR	ALLW	Difference
Sharpe ratio: Return per unit of total volatility	0.34	1.90	-1.55
Sortino ratio: Return per unit of downside risk	8.50	2.54	+5.96
Omega ratio: Gain probability vs. loss probability	2.01	1.35	+0.66
Calmar ratio: Return relative to maximum drawdown	2.79	2.87	-0.07
Martin ratio: Return relative to average drawdown	3.35	11.66	-8.31

BMNR vs. ALLW - Sharpe Ratio Comparison

The current BMNR Sharpe Ratio is 0.34, which is lower than the ALLW Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of BMNR and ALLW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMNR vs. ALLW - Drawdown Comparison

The maximum BMNR drawdown since its inception was -88.41%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for BMNR and ALLW.

Drawdown Indicators

	BMNR	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-88.41%	-8.78%	-79.63%
Max Drawdown (1Y) Largest decline over 1 year	-88.41%	-7.23%	-81.18%
Current Drawdown Current decline from peak	-87.32%	-1.78%	-85.54%
Average Drawdown Average peak-to-trough decline	-70.90%	-1.23%	-69.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.55%	1.77%	+71.78%

Volatility

BMNR vs. ALLW - Volatility Comparison

BitMine Immersion Technologies, Inc. (BMNR) has a higher volatility of 23.44% compared to State Street Bridgewater All Weather ETF (ALLW) at 4.48%. This indicates that BMNR's price experiences larger fluctuations and is considered to be riskier than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMNR	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.44%	4.48%	+18.96%
Volatility (6M) Calculated over the trailing 6-month period	61.20%	9.25%	+51.95%
Volatility (1Y) Calculated over the trailing 1-year period	718.73%	10.94%	+707.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	709.35%	12.72%	+696.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	709.35%	12.72%	+696.63%

Dividends

BMNR vs. ALLW - Dividend Comparison

BMNR's dividend yield for the trailing twelve months is around 0.06%, less than ALLW's 4.32% yield.

Position	TTM	2025
ALLW State Street Bridgewater All Weather ETF	4.32%	4.67%
BMNR BitMine Immersion Technologies, Inc.	0.06%	0.04%

Frequently Asked Questions

Can I hold both BMNR and ALLW in my portfolio?

BMNR and ALLW have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMNR or ALLW?

BMNR has higher volatility (23.44%) compared to ALLW (4.48%). In terms of maximum drawdown, BMNR dropped -88.41% vs ALLW's -8.78%.

Which has better risk-adjusted returns?

ALLW currently has the higher Sharpe Ratio (1.90 vs 0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.